918 Sea Gull Drive #A-D, Mount Pleasant, SC 29464

Local realty services provided by:ERA Greater North Properties
918 Sea Gull Drive #A-D,Mount Pleasant, SC 29464
$1,170,000
  • 10 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: mary beth wichlei, jake stradling
Office: three real estate llc.
MLS#:25027072
Source:MI_NGLRMLS

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Price summary

  • Price:$1,170,000

About this home

918 Sea Gull Drive presents investors with a rare opportunity to acquire a stabilized Quadplex in South Mount Pleasant, one of Charleston's most desirable submarkets. Comprised of two 3-bedroom / 1.5-bath units and two 2-bedroom / 1-bath units, collectively generating $8,000 per month ($96,000 annually) in current income. At 1.2m, the asset reflects a 6.3% cap rate on in-place income, assuming a 35% expense ratio. All tenants are on month-to-month leases, providing immediate flexibility for rental growth. Current rents are below market, with comparable two-bedroom units averaging $2,620 and three-bedroom units averaging $2,980, creating strong upside potential. Pro forma rents at market levels suggest annual income could exceed $136,800, yielding an 8.3% cap.

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Home facts

  • Year built:1976
  • Listing ID #:25027072
  • Updated:January 08, 2026 at 07:48 AM

Rooms and interior

  • Bedrooms:10

Heating and cooling

  • Cooling:Central Air

Structure and exterior

  • Year built:1976

Schools

  • High school:Lucy Beckham
  • Middle school:Moultrie
  • Elementary school:James B Edwards

Finances and disclosures

  • Price:$1,170,000

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